US stocks unusual movement | Storage concept stocks fall, Micron Technology (MU.US) drops by 6%

According to the Sina Finance APP, on Wednesday, stocks in the storage concept fell, with SanDisk (SNDK.US) dropping by 7.5%, Western Digital (WDC.US) by over 4%, and Micron Technology (MU.US) by 6%. Since the first half of this year, SanDisk has surged by approximately 858%, while Micron Technology has risen by over 300%. At one point, their market values exceeded 1 trillion dollars, making the storage and chip sectors the champions of the US stock market mid-year. Market analysis indicates that after the AI boom at the end of May drove the sector to its peak, the market has entered a phase of technical adjustment. On one hand, the expectation of AI-driven storage demand has pushed valuations of related stocks to high levels, leading to pressure from profit-taking. On the other hand, there are also signs of caution within the industry. Analysts point out that high elasticity often accompanies high volatility, and after extreme gains in the first half of the year, the storage sector is now experiencing increased short-term speculative trading, making it normal for the beginning of the third quarter to be under pressure from technical corrections.